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Gold $3,340.90 $2.96 0.09% Silver $36.10 $0.08 0.23% Platinum $1,357.80 $(0.56) -0.04% Palladium $1,114.35 $8.65 0.78%

PPI comes in hotter than expected

PPI comes in hotter than expected

U.S. PPI +0.3% in Jan, above expectations of +0.1%, vs downward revised -0.2% in Dec; 0.9% y/y, down from 1.0% in Dec.

Core +0.5%, above expectations of +0.2%, vs downward revised -0.1% in Dec; 2.0% y/y, vs revised 1.7% in Dec.

Gold has softened in reaction but remains confined to yesterday's range. 

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